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SL Green Realty Corp. (SLG) rating upgrades by BMO Capital Markets

SL Green Realty Corp.’s filing revealed that its Director Brown Carol N unloaded Company’s shares for reported $0.23 million on Feb 09 ’24. In the deal valued at $44.37 per share,5,118 shares were sold. As a result of this transaction, Brown Carol N now holds 0 shares worth roughly $0.0.

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Then, ATKINS BETSY S sold 9,894 shares, generating $467,492 in total proceeds. Upon selling the shares at $47.25, the Director now owns 6,886 shares.

Before that, HATKOFF CRAIG M sold 5,100 shares. SL Green Realty Corp. shares valued at $238,425 were divested by the Director at a price of $46.75 per share. As a result of the transaction, HATKOFF CRAIG M now holds 2,070 shares, worth roughly $0.11 million.

BMO Capital Markets upgraded its SL Green Realty Corp. [SLG] rating to an Outperform from a a Market perform in a research note published on April 18, 2024; the price target was increased to $58 from $56. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late March from “an Underweight” to “an Equal weight”. Evercore ISI also remained covering SLG and has decreased its forecast on March 18, 2024 with a “an Underperform” recommendation from previously “an In-line” rating. Deutsche Bank started covering the stock on January 30, 2024. It rated SLG as “a Hold”.

Price Performance Review of SLG

On Monday, SL Green Realty Corp. [NYSE:SLG] saw its stock jump 1.44% to $53.00. Over the last five days, the stock has gained 0.80%. SL Green Realty Corp. shares have risen nearly 17.33% since the year began. Nevertheless, the stocks have risen 145.71% over the past one year. While a 52-week high of $55.75 was reached on 03/28/24, a 52-week low of $20.51 was recorded on 01/18/24. SMA at 50 days reached $51.43, while 200 days put it at $42.37. A total of 2.18 million shares were traded, compared to the trading of 0.63 million shares in the previous session.

Levels Of Support And Resistance For SLG Stock

The 24-hour chart illustrates a support level at 52.04, which if violated will result in even more drops to 51.07. On the upside, there is a resistance level at 54.49. A further resistance level may holdings at 55.97. The Relative Strength Index (RSI) on the 14-day chart is 55.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.20%. Stochastics %K at 58.74% indicates the stock is a holding.

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